Halloween might be over, but there’s still plenty of things to be scared about. Jean Chatzky, financial editor at NBC, tweeted out some advice on how much money we should be saving before retirement, and it’s got a lot of people worried.
By the time you’re 30, aim to have 1x your annual income set aside for retirement. At 40, 3x; at 50, 6x; at 60, 8x; and by retirement, 10x.
— Jean Chatzky (@JeanChatzky) November 1, 2017
First and foremost, a lot of people are more concerned with how she could possibly think this is realistic. The internet’s response to this has been pretty humorous so far.
Good advice. On a related note, does anyone know any handy recipes for leftover unicorn? https://t.co/GkFmMvX5ls
— David Llewellyn (@TheDaiLlew) November 1, 2017
By the time you're 30, aim to have 1 moth fly our of your wallet. At 40, two moths. At 50, find a button at the bottom of your wallet. At 60 https://t.co/1ficdoOGrr
— Alex Zalben (@azalben) November 1, 2017
by the time you're born, aim to have exceedingly wealthy parents. otherwise, die on your feet. https://t.co/bb7skr9k4T
— Justin (@The_Best_Smart) November 1, 2017
And most importantly, what about the avocados?
But how much avocado toast are we allowed https://t.co/82tvTfmPMS
— Michelle LaRue (@drmichellelarue) November 1, 2017
Since seeing the backlash from her tweet, Jean has reached out to a lot of people who have legitimate questions. She also clarified that she knows that the goals are outrageous in this day and age, but the point is to have something to work towards. Chatzky encourages people to start saving “whatever you can, as soon as you can.” So there might be hope for us after all.